Posting to profit and loss account

Gokul (Consultant) (36 Points)

29 March 2014  

Hi,

 

I am new to accounting and trying to understand how actually we post to P & L Account.Here are my questions?

How  we post Loss to P&L Account?

How we post Profit to P&L Account?

What type of account is P&L Account(Debit or Credit)?

Please explain me P&L Account like Machine account,depreciation...etc.